Nomura announced its intention to purchase the stake in American Century on December 21,
\n2015. The stake was purchased from CIBC for approximately $1 billion.<\/p>\n
\u201cI am delighted to confirm that we have completed the purchase of a 41 percent stake in \u201cNomura Asset Management is committed to providing products and services that best suit our clients\u2019 needs and this is a value which is also shared by American Century,\u201d<\/em> said Kunio Watanabe, CEO of Nomura Asset Management. \u201cOur expanded presence in the U.S. and collaboration with American Century is a very significant development and will be driven by our complementary client franchises, corresponding product lines and a shared investment outlook. We look forward to working together for the benefit of both firms and ultimately our clients.\u201d <\/em> <\/p>\n \u201cAmerican Century is excited to be entering into a strategic business partnership with Nomura, a successful financial services group, whose pre-eminence in Japan and throughout Asia is unmatched,\u201d<\/em> said Jonathan Thomas, American Century Investments\u2019 President and Chief Executive Officer. “By leveraging the complementary asset management expertise of both firms, we will be able to bring a broader array of investment solutions to our respective clients around the world.\u201d<\/em><\/p>\n The deal is intended to allow Nomura to access and leverage American Century\u2019s asset Nomura will name two representatives to American Century\u2019s 11-person board of directors. Nomura will also have a 10.1 percent voting interest. <\/p>\n","protected":false},"excerpt":{"rendered":" Nomura, Asia\u2019s global investment bank, announces that it has
\nAmerican Century and we have great expectations for this collaboration,\u201d<\/em> said Koji Nagai,
\nNomura Group CEO. \u201cNomura\u2019s Asset Management business is central to the success of the
\nNomura Group and we expect the partnership with American Century to bring profound value to
\nboth firms. Our decision to invest in American Century confirms Nomura\u2019s commitment to
\ncultivating its international footprint and providing a broad range of investment options to clients,
\nwho are at the heart of everything we do.\u201d <\/em> <\/p>\n
\nmanagement capabilities to develop investment solutions for its retail and institutional clients
\ninternationally. It also helps the firm further diversify its business interests, giving Nomura an
\nexpanded investment footprint in the U.S. investment management market.<\/p>\n
\ncompleted the purchase of a non-controlling 41 percent economic interest in American Century
\nInvestments (\u201cAmerican Century\u201d). <\/p>\n","protected":false},"author":20,"featured_media":52297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1437,2007,1787],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/52299"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=52299"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/52299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/52297"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=52299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=52299"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=52299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}